Eastern Asia: Market for Float Glass And Surface Ground or Polished Glass 2024

Market Size for Float Glass And Surface Ground or Polished Glass in Eastern Asia

The East Asian market for float glass and surface ground or polished glass was estimated at $X in 2022, flattening at the previous year. The total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Production of Float Glass And Surface Ground or Polished Glass in Eastern Asia

In value terms, production of float glass and surface ground or polished glass reached $X in 2022 estimated in export price. The total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Float Glass And Surface Ground or Polished Glass

Exports in Eastern Asia

In 2022, the amount of float glass and surface ground or polished glass exported in Eastern Asia shrank remarkably to X square meters, waning by X% against the previous year. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure at X square meters in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of float glass and surface ground or polished glass soared to $X in 2022. Total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the key exporter of float glass and surface ground or polished glass in Eastern Asia, with the volume of exports finishing at X square meters, which was approx. X% of total exports in 2022. Japan (X square meters) ranks second in terms of the total exports with an X% share, followed by South Korea (X%) and Hong Kong SAR (X%).

China experienced a relatively flat trend pattern with regard to volume of exports of float glass and surface ground or polished glass. At the same time, Hong Kong SAR (X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, South Korea (X%) and Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and Hong Kong SAR (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (X p.p.) and Japan (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest float glass and surface ground or polished glass supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

In China, exports of float glass and surface ground or polished glass expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per square meter, jumping by X% against the previous year. In general, the export price continues to indicate a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per square meter), while South Korea ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Imports of Float Glass And Surface Ground or Polished Glass

Imports in Eastern Asia

In 2022, supplies from abroad of float glass and surface ground or polished glass decreased by X% to X square meters, falling for the second year in a row after four years of growth. Over the period under review, imports saw a deep downturn. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports of reached the maximum at X square meters in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of float glass and surface ground or polished glass dropped notably to $X in 2022. In general, imports recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China represented the major importer of float glass and surface ground or polished glass in Eastern Asia, with the volume of imports reaching X square meters, which was approx. X% of total imports in 2022. South Korea (X square meters) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Japan (X%) and Hong Kong SAR (X%).

China was also the fastest-growing in terms of the float glass and surface ground or polished glass imports, with a CAGR of X% from 2012 to 2022. Hong Kong SAR (X%), South Korea (X%) and Japan (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported float glass and surface ground or polished glass in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with an X% share.

In China, imports of float glass and surface ground or polished glass expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per square meter in 2022, with an increase of X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per square meter), while China ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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